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Oldendorff upgrades fleet for USD 1.5 billion

The world's largest dry bulk carrier, Germany's Oldendorff Carriers, has a newbuilding program totaling no less than USD 1.5 billion, informs the carrier, which has published a list of key facts which have never been made public before. Read on to learn more.

Photo: Oldendorff

Major German dry bulk carrier Oldendorff Carriers, headquartered in Lübeck, is in the midst of modernizing its fleet in a process worth a total USD 1.5 billion, informs the carrier in relation to the publication of a series of key facts which have been made public for the first time by the carrier itself.

The major newbuilding program at the carrier, which is ranked as the world's biggest alongside Cargill Ocean Transportation, will mean that close to 90 percent of Oldendorff's owned fleet will be new so-called eco-design vessels by 2017.

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